Technology & Analytics
Machine Learning at an MGA
Machine learning, AI, cognitive computing and predictive analytics—terms that are oftentimes used interchangeably these days—are washing over the insurance industry with promises of increased ...
FAA Approves AT&T Drone for Puerto Rico Cellular Service
The U.S. Federal Aviation Administration on Friday said it had approved a request by AT&T Inc to use a new drone known as the Flying Cow or Cell on Wings to help restore cellular service in ...
What Data Carriers Should Collect from Agents and Why
When it comes to sales and marketing, carriers that distribute through independent agencies are not in control. Many carriers have put significant focus on data and analytics within their own ...
Allianz Touts Successful Test of Blockchain Tech for Captive Insurance Program
Allianz Global Corporate & Specialty SE (AGCS) has successfully tested blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS's ...
InsurTech in Emerging Markets: Will China Win?
Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular—may be poised to outpace U.S. and European counterparts developing InsurTech innovations. ...
Global Regs for Systemically Important AI Firms May Be Needed: FSB
Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on ...
Nephila, Cedent Partner to Bring $500M Capacity for Climate Risk
Insurance investment firm Cedent Ltd. announced yesterday that it is partnering with Nephila Capital to bring $500 million for climate risk capital solutions, targeting risk managers beyond the ...
Warranty Analytics Startup WePredict Raises $4M; Munich Re Is Lead Backer
Analytics startup WePredict raised $4 million in a funding round led by Munich Re's venture capital arm HSB Ventures. Munich Re is also teaming with the company as it launches its first auto ...